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1. Depreciation on equipment is $800 for the accounting period. 2. There was no beginning balance of supplies and $492 of supplies were purchased during
1. Depreciation on equipment is $800 for the accounting period. 2. There was no beginning balance of supplies and $492 of supplies were purchased during the period. At the end of the period $156 of supplies were on hand. 3. Prepaid rent had a $960 normal balance prior to adjustment. By year end $252 was unexpired. Prepare adjusting entries for the above transactions. (List all debit entries before credit entries, Credit account titles are outomaticolly indented when the amount is entered. Do not indent manualli. If no entry is required, select "No entry" for the occount titles and enter of for the amounts.)
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